74 deals, 61 of which have known investment values, totaled to £207 million were made in May. Tech companies have dominated as receivers of equity investment, therefore it came to a surprise that in May, almost 60% of the companies receiving the funding of were not in the technology sector. This conveys that more industries are turning to equity crowdfunding as a source of finance, as signs grow more positive that the UK economy is recovering across more industries.
Though there is signs of economic recovery, statistics showed that over 50% of the deals made, came from London alone. There were 33 deals recorded to be made in London; £120 million was invested in total, an average of over £3.6 million per deal. Is London the only region seeing recovery in the UK?
According to Beahurst, there is no reason to think that the rest of the UK is lagging behind. Their records showed that non-London based investments were picking up across the rest of the UK.
Alois, J. (2014). Record Breaking May in UK for Companies Being Funded. crowdfundinsider.com
Beauhurst. (2014). Record Q2: £207m equity invested in May 2014. Beauhurst.com
Photo Credit: Stig Nygaard: https://bit.ly/p/acnMmM
Jasmien is currently studying a bachelors in Business Studies from Cass Business School in London while interning at Crowd Valley. Originally from Belgium, she grew up in Switzerland, Ethiopia, USA, and Japan.
She is very passionate about the start-ups, entrepreneurship, technology, and travelling; she aspires to one day become an entrepreneur.